Some witless pollyannas will say the title of this article is inappropriate. Unfortunately, these hapless souls suffer from excessive greed, rampant euphoria and hyper-complacency. Furthermore, they are ignorant of stock market history and its immutable cycles where only magnitude and duration vary. They foolishly delude themselves into believing that the US Fed has “banned” bear markets and has discovered the “magic elixir” to kill all potential bears while they are still cubs or in hibernation.
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